MOMO CROWD’S FAVORITE BANK SENDS SHOCK WAVES ACROSS THE GLOBE, WAGES COOL
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Classic Run On The Bank
Please click here for a chart of the stock of SVB Financial Group (SIVB), owner of Silicon Valley Bank.
Note the following:
- The Morning Capsule is about the big picture and not an individual stock. The chart of SIVB is being used to illustrate the point.
- A classic run on the bank is happening at Silicon Valley Bank (SIVB).
- Contagion fears have spread not only across other banks in the U.S. but also among banks in Asia and Europe.
March 10, 2023